Stock Market update -Apr 19

The market was up again this week as we continue to recover from the Coronavirus crash. Many traders though, think this is just a rally/retracement in a downtrend -we'll see. 

The big banks reported earnings last week, giving up a little ground. Next week we get Airlines, IBM, and others like AMZN, NFLX, TSLA, INTC...

AMZN skyrocketed this week to new all time highs

NFLX did the same!

WMT and ABT hit new all time highs too...

Bonds were up, Gold pulled back a bit, And Oil continues to fall, now below $20!

Crude Oil drops below $15! Futures squeeze? Expiration in a couple days...

Coronavirus live updates: Global deaths top 160,000; Singapore reports record 942 new cases

NYC coronavirus deaths near 13,000 — but daily toll is going down

S&P 500 market crash recovery (chart)

...going higher?? could hit resistance here

High yield Corporate Bonds -holding up so far (5yr chart) 

Investment grade Corporate Bonds -(5yr chart) 

Market concerns:  Coronavirus... low Oil prices... debt... Earnings

Pops:   AMZN, NFLX

Drops:   

Over $23 Trillion in debt!  See Debt Clock on the left, or here... 

I expect in time we will see this skyrocket with all the new debt being added.

Unemployment claims skyrocket

22 million Americans have filed for unemployment benefits in the last four weeks

S&P 500 chart  -the rally continues 

Bonds  are higher -chart (link)
10yr rates are lower (chart)

New all time highs:   AMZN, NFLX, WMT, ABT. LLY, 

All time lows:  CHK...  

Options watch:   S&P 500 Implied Volatility  (CBOE VIX) -continuing to pull back!

Link to high IV stocks   

High Options volume:   

	ETFs	SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ,
	Stocks	AAPL, AMD, BAC, BABA, DIS, FB, MU, NFLX, NVDA, ROKU, TSLA...

Stocks on the move:  

Next week:     

	M	T	W	T	F
Events:
Earnings:	IBM	CMG, KO, NFLX,  LMT	DAL, T, LVS	INTC, LUV, DPZ	AXP, AAL

A blast of earnings news is coming, but the market may be more focused on when the economy will reopen

This week's charts:

$NYA -NYSE Composite  -indecision

 (IWM)   Small-caps -ditto!

Links...

10yr Interest Rates  -still veery low

Labor Force Participation Rate (10 year chart) 

Fear & Greed Index  -still at extreme fear

ETFs - Ranked by YTD % Change  -or by Volume
S&P 500 Sector performance

Commodities/Futures (charts):  

Crude Oil dropped again, closing near 18.12 -now below $20!

Gold dropped, closing near 1695 

The US Dollar was flat, closing near 99.77

The 30 year Bond rallied, closing near 180.31

News:

Dow jumps 700 points on hope for a coronavirus treatment, closes at highest level since March

The stock market is rising on hope for a pharma solution to coronavirus — here’s how close we are

Biotech stocks surge as people are ‘hungry’ for good news on the coronavirus

The PPP Is Out of Money. Here's Plan B

Trump and protesters pressure governors to start reopening the states
Opinion: ‘Sell in May and go away’ is a warning to stock investors now more than ever

Best Buy to furlough about 51,000 employees as coronavirus-related sales surge ends

24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink

U.S. oil futures settle at lowest since early 2002, pummeled as storage fears grow